First Mover Americas: Bitcoin Out of Bullish Trend, Would Fed Backstop Markets Again?
The latest moves in crypto markets in context for April 11, 2022. Source
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Markets
This Week’s NFT Sales Dropped by 13%, Ronin Markets Rebound, Clonex Climbs Higher – Markets and Prices Bitcoin News
Non-fungible token (NFT) sales have been lackluster this past week, as the aggregate sales volume during the last seven days has dropped 13.75% since last week. The largest number of sales stemmed from Ronin this week as 45,875 buyers increase Ronin-based NFT sales by more than 72%. The NFT collection
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Regulators and Policymakers Must Be Involved in Shaping Potential Move to DLT Markets – Regulation Bitcoin News
The head of the South African central bank has insisted that regulators and policymakers should be involved in directing any potential move to markets that are based on distributed ledger technology (DLT). Pondering the Implications of Innovation The governor of the South African Reserve Bank (SARB), Lesetja Kganyago, has argued that central
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Namibian Central Bank Announces Plan to Launch CBDC – Emerging Markets Bitcoin News
Johannes Gawaxab, the governor of the Bank of Namibia (BON), has said his organization is planning to launch a central bank digital currency (CBDC). The governor, however, warns the launch might have implications for financial stability. BON Researching CBDCs The BON governor, Johannes Gawaxab, recently confirmed that the central bank is now
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Treasury Secretary hints at regulatory framework to address potential risks in digital asset markets
United States Treasury Secretary Janet Yellen listed stablecoins as one of the major policy concerns in the digital asset space for regulators, currently subject to “inconsistent and fragmented oversight.”Speaking to attendees at American University in Washington, D.C. on Thursday, Yellen said the Treasury Department was working with Congress to advance
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A Look at the First Quarter’s Top Performing Cryptocurrencies in 2022 – Markets and Prices Bitcoin News
The first quarter of 2022 has come to an end and specific digital currency markets have seen a lot of action during the last three months. Out of the top ten digital currencies, terra (LUNA) saw the biggest gains, jumping more than 43% higher against the U.S. dollar in Q1.
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FTX Takes Stake in Stock Exchange IEX to Strengthen Crypto Markets
“With this investment, we’re aligned with one of the most trusted and innovative companies in equities markets,” FTX CEO Sam Bankman-Fried said in the statement. He added the two companies will “collaborate on the further establishment of crypto market structure and work closely with regulators, allowing institutions around the world
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JPMorgan Sees Limited Upside for Crypto Markets – Markets and Prices Bitcoin News
JPMorgan Chase & Co. has warned that any upside for crypto markets from here would likely be more limited. Basing their prediction on the relationship between stablecoins and the rest of the crypto market, the bank’s analyst explained that stablecoins’ share of the total crypto market cap “no longer looks
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Financial markets are ‘not quite ready’ for Bitcoin bonds
MicroStrategy CEO and Bitcoin (BTC) permabull Michael Saylor believes that traditional financial markets aren’t quite ready for Bitcoin-backed bonds. Saylor told Bloomberg on Tuesday that he’d love to see the day come where Bitcoin-backed bonds are sold like mortgage-backed securities but warned that “the market is not quite ready for that
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CFTC Chief Says FTX Plan Could Make Crypto Markets ‘More Efficient’
“This proposal could end up leading to more efficient trading execution, less risk in the system,” Behnam said, adding that he’s required to cultivate “responsible innovation,” and the idea isn’t necessarily prohibited or in violation of commodities laws. Still, he considered the question worth a significant ongoing public-comment period. “As
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